iRobot Corporation (IRBT) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC increased its position in iRobot Corporation (NASDAQ:IRBT) by 53.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,444 shares of the industrial products company’s stock after buying an additional 81,207 shares during the period. iRobot accounts for about 1.0% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 13th biggest position. Vident Investment Advisory LLC owned about 0.84% of iRobot worth $17,989,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in iRobot by 16.5% during the second quarter. Legal & General Group Plc now owns 52,487 shares of the industrial products company’s stock worth $4,419,000 after acquiring an additional 7,418 shares during the last quarter. Baillie Gifford & Co. increased its stake in iRobot by 12.9% during the second quarter. Baillie Gifford & Co. now owns 746,771 shares of the industrial products company’s stock worth $62,834,000 after acquiring an additional 85,124 shares during the last quarter. Alps Advisors Inc. bought a new stake in iRobot during the third quarter worth approximately $359,000. Parametric Portfolio Associates LLC increased its stake in iRobot by 17.2% during the second quarter. Parametric Portfolio Associates LLC now owns 59,241 shares of the industrial products company’s stock worth $4,985,000 after acquiring an additional 8,711 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in iRobot during the second quarter worth approximately $4,470,000. Institutional investors own 82.25% of the company’s stock.

In other news, EVP Glen Daniel Weinstein sold 728 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total transaction of $72,800.00. Following the transaction, the executive vice president now owns 68,355 shares of the company’s stock, valued at $6,835,500. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $100.00, for a total value of $3,380,900.00. Following the completion of the transaction, the chief financial officer now directly owns 82,609 shares in the company, valued at approximately $8,260,900. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.

Several brokerages have weighed in on IRBT. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. SprucePoint Capital reissued a “sell” rating on shares of iRobot in a research note on Thursday, September 14th. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Tuesday, October 17th. Piper Jaffray Companies reduced their price objective on iRobot to $69.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th. Finally, Citigroup assumed coverage on iRobot in a research note on Monday. They set a “neutral” rating and a $74.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $70.75.

iRobot Corporation (NASDAQ:IRBT) opened at $66.85 on Friday. The company has a market capitalization of $1,812.68, a P/E ratio of 34.59, a PEG ratio of 1.76 and a beta of 0.99. iRobot Corporation has a 52 week low of $52.12 and a 52 week high of $109.78.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The firm had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 earnings per share. equities analysts predict that iRobot Corporation will post 1.85 earnings per share for the current fiscal year.

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About iRobot

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Institutional Ownership by Quarter for iRobot (NASDAQ:IRBT)

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